Property Overview: 1111 Wolseley Avenue

Key Characteristics & Appeal

This 1913 home on Wolseley Avenue offers 1,992 sq ft of living space across a 3,334 sq ft lot. Its assessed value for tax purposes is $526,000.

The property’s main strengths are its above-average size and relative value within the broader market. The living area ranks in the top 11% citywide and top 23% within the Wolseley neighbourhood, meaning it provides significantly more interior space than most homes in Winnipeg. The assessed value, while close to the street average, is notably higher than the neighbourhood and city medians—suggesting the home holds its value well compared to nearby properties.

The trade-off comes with the land. At just over 3,300 sq ft, the lot is small by city standards (bottom 17%) and below average for the street, though it’s nearly in line with the typical Wolseley lot. This is common for older, established neighbourhoods where homes were built on narrower plots. The 1913 construction date means the home is older than most of the city’s housing stock, which may appeal to buyers who appreciate character, original detailing, and established landscaping, but could require more ongoing maintenance than a newer build.

This property would best suit a buyer who prioritises generous indoor living space and a desirable, walkable neighbourhood location over a large yard. It's a good match for someone comfortable with an older home’s quirks and upkeep, or for those looking for a solidly-sized home in an established area without paying a premium for a sprawling lot.

Frequently Asked Questions

1. How does the property’s size compare to other homes nearby?
On Wolseley Avenue, its 1,992 sq ft is close to the street average of 1,858 sq ft. Within the wider Wolseley neighbourhood, it’s above the average of 1,622 sq ft. Citywide, it ranks in the top 11% for living area, so it’s a significantly larger-than-average home overall.

2. Why is the land area so small compared to the city average?
The 3,334 sq ft lot is typical for many homes in older, central neighbourhoods like Wolseley, where lots were originally subdivided into narrower parcels. The citywide average is inflated by newer suburban developments with much larger plots.

3. Is the assessed value of $526,000 reasonable for this home?
It’s essentially on par with the street average ($515,000) and well above the neighbourhood average ($371,000). Citywide, it’s in the top 16% for assessed value, which suggests the home’s size and location are reflected in its market position. However, assessed value is not the same as market price—buyers should still review recent sale comparables.

4. What should a potential buyer know about a home built in 1913?
An older home often means higher-quality original materials (like old-growth wood and plaster walls) but also potential issues with wiring, plumbing, insulation, and foundation settling. It’s wise to budget for ongoing updates and to schedule a thorough inspection focused on the age-related systems. On the upside, homes of this vintage tend to be in established, tree-lined neighbourhoods with mature gardens.

5. Does the ranking data suggest this is a good investment?
The property sits in a sweet spot: it’s not the most expensive home on the street despite being larger than average, and its assessed value is strong relative to the surrounding area. That combination—above-average size without a premium price tag—can be appealing for long-term value, especially in a desirable, walkable neighbourhood. The small lot does limit future expansion or redevelopment potential, however.